Lower prices for fruits and vegetables helped bring inflation in the Philippines down to 4.3 percent in January, the government said Friday.

The monthly rate eased slightly from 4.4 percent in December, but the National Statistics Office said it was watching price signals and market developments, noting that the cost of other food items such as rice, fish, eggs, sugar and flour products had increased.

Inflation in the same period last year was sharply higher at 7.1 percent. The average inflation rate for 2009 was 3.2 percent compared with 9.3 percent in 2008, and is projected at 4.7 percent this year.

The central bank in January left its benchmark interest rate at a record low 4 percent.




Comment:


The prices of the goods that are related in the article affect the level of marketing and the percentage of selling goods which has a big effect in the economy.


The change in monthly rate is considered for the development of the market industry as well as the inflation rate. Each rate differ each year depending in the amount of the good which changes the inflation rate percent.


The projection of the inflation depends on the percentage of goods that has been sold to the economy that increases the interest rate.






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